Nice Holdings Inc. said its normalized net income for the fiscal fourth quarter ended March 31 amounted to ¥187.32 per share, an increase of 14.9% from ¥163.08 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.76 billion, an increase of 14.8% from ¥1.53 billion in the prior-year period.

The normalized profit margin increased to 2.3% from 2.0% in the year-earlier period.

Total revenue decreased year over year to ¥75.81 billion from ¥76.71 billion, and total operating expenses fell on an annual basis to ¥72.79 billion from ¥73.91 billion.

Reported net income rose 20.7% year over year to ¥3.02 billion, or ¥321.86 per share, from ¥2.50 billion, or ¥266.43 per share.

For the year, the company's normalized net income totaled ¥16.35 per share, a decline of 85.1% from ¥109.62 per share in the prior year.

Normalized net income was ¥153.4 million, a fall of 85.3% from ¥1.04 billion in the prior year.

Full-year total revenue fell 12.9% year over year to ¥235.78 billion from ¥270.62 billion, and total operating expenses fell 12.3% on an annual basis to ¥234.76 billion from ¥267.80 billion.

The company said reported net income decreased 52.6% on an annual basis to ¥487.9 million, or ¥52.00 per share, in the full year, from ¥1.03 billion, or ¥108.40 per share.

As of June 26, US$1 was equivalent to ¥123.96.